Can we get the Waiver of Upstox Account Opening Charges

Upstox charges a minimal annual fee which is worth to pay if we consider the services provided.

Right now you have to pay the annual charges to open the account with Upstox. We will update as we find any way to waive the annual charges.

Additional Upstox Products & Amazing Features

#1. Upstox Priority Pack

Upstock priority pack is specially designed for Intraday traders who look for higher leverages. You will get higher trading margin as compared to the basic plan.

Abbreviations Used

CO – Closing Offset

OCO – One Cancels the other Order

BO – Bracket Order

F&O – Future and Options

CDS – Credit Default Swap

Benefits of Upstox Priority Pack

2X Intraday leverage on option buy with CO/OCO/BO

Up to 7X leverage on index futures using CO/OCO/BO

No exposure margin levied on Index Futures and Options giving you up to 6X leverage

20X Intraday leverage on cash (normally 15X on basic plan)

You can enable priority pack at Rs. 999/month for trading in equities, F&O and CDS. For commodities, you have to pay Rs. 499/month.

The brokerage charges for Upstox priority pack is Rs. 30 per trade.

If you need high margins to trade on a regular basis, then you should definitely go with priority pack.

Upstox Margin / Upstox Leverage/ Exposure

Margin Intraday

Segment

Basic

Priority Pack

NSE/BSE Cash

15X

20X

Index Futures

3X

4X

Stock Futures

3X

3X

Index Option Sell

3X

4X

Stock Option Sell

3X

3X

NSE Currency

4X

4X

MCX Future

2.5X

3X

Margin OC/OCO orders

Segment

Basic

Priority Pack

NSE/BSE Cash

20X

25X

Index Futures

3X

4X

Stock Futures

3X

3X

Index Option Sell

3X

4X

Stock Option Sell

3X

3X

NSE Currency

4X

5X

MCX Future

3X

4X

NSE Option Buy

1.33X

2X

What I Like/ Didn’t Like about Upstox

What I Like

No brokerage charges for delivery

Great trading platforms

Fix & low brokerage irrespective of trade volume

What We Didn't Like

You cannot make the investment to IPO and FPO

Upstox Trading Platforms

#1. Upstox Pro Web

Upstox Pro web is a browser-based trading platform that comes with advanced features like API integration, algo trading, charts and technical indicators.

The features help you to perform in-depth analysis and market understanding.

Pro web uses socket technology that allows access to real-time market data at a faster speed. You also get drag and drop facility to drag a particular script and drop on the chart screen to see the script in chart form instantly.

#2. Upstox NEST Trader Desktop

NEST trader is an advanced trading desktop software which helps you monitor markets, place orders and buy & sell shares in real time.

You can install the application on a desktop or a laptop.

Features of NEST Trader

Customizable interface

Low latency and enterprise level stability

Multi-monitor support

Advanced Charting

#3. Upstox Pro Mobile App

You can track your favorite scripts, indices and monitor the markets using charting tools and more than 100 technical indicators.

You can install Upstox Pro mobile trading platform to both Android and iOS versions.

My Experience with Account Opening Process (How to Open the Account with Upstox)

The account opening process of Upstox is very fast when compared to other discount brokers. The whole account opening process is online.

You can quickly open Upstox Demat and Trading account with the help of Aadhaar Card and PAN Card.

You just have to keep following documents handy to fast track your application.

Documents Required

Aadhaar Card

PAN Card

Canceled Cheque

Latest Bank Statement with IFSC/MICR Code.

You can start trading immediately without signing any documents. Upstox may take up to 48 hours to generate your trading login password (post completion of the application), but I got my password the very next day.

You only need to Sign PoA (Power of Attorney) document and courier to Upstox if you want to sell and transfer Mutual Funds & Shares through them.

Best For

If you are looking for easy and advance trading platforms you should go with Upstox.

Reader Interactions

Comments

You are promoting demat accounts for trading purpose on the other you said that trading is a game of losing money. Demat account review matters only for traders not for investors as most of the brokers don’t charge in case of delivery.